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Fuel systems provider $CMI said it has partnered with the Olayan Group to form Cummins Arabia, a 50:50, three-country distribution JV company in the Middle East. This JV consolidates the distribution of $CMI products in the UAE, Saudi Arabia and Kuwait. The JV entity will be formed and the new operating structure implemented in 2H16.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.